PATK Options History — March 2017

In March 2017, PATK traded between $20.16 and $24.56. ATM implied volatility averaged 88.6%, placing in the 46.7% IV rank vs the trailing year. The 30-day expected move averaged 20.6%. IV traded above realized volatility by 54.0% (HV 20d: 34.6%). Max pain ranged from $22.22 to $25.19. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 3.82.

Notable Days

  • 2017-03-14: Highest Volume — 1,262 contracts
  • 2017-03-10: Largest IV spike — 96.5% change
  • 2017-03-13: Highest IV Rank — 83.8%
  • 2017-03-02: Largest Expected Move — 26.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.48$20.16$24.56$24.56$21.05
Max Pain$23.45$22.22$25.19$23.70$22.22
ATM IV88.6%57.0%153.3%84.9%79.5%
Expected Move20.6%15.5%26.3%24.3%22.8%
HV 20d34.6%27.6%40.0%33.0%30.3%
HV 60d28.8%26.3%29.8%26.4%28.9%
IV Rank46.7%28.6%83.8%44.6%41.5%
IV Percentile84.0%62.9%99.2%86.9%82.5%
Term Structure-13.3%-46.8%8.1%-44.5%-16.8%
VWIV76.6%15.9%102.5%67.1%96.4%
Skew 25d-11.9%-64.8%23.4%-64.8%11.9%
Skew 10d-23.9%-75.7%20.5%-64.8%-8.0%
Call IV 25d86.9%65.4%106.4%96.3%104.1%
Put IV 25d75.0%31.5%125.4%31.5%116.0%
Bid-Ask Spread %139.84125.94159.37145.63150.99
Gamma HHI0.370.300.770.340.33
Net GEX4.9K-42.9K16.6K10.6K10.1K
Net DEX-50.4K-435.5K1.9M-415.1K-263.7K
Net VEX-1.2K-1.9K-1.0K-1.1K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.820.3010.630.350.38
Total Volume519.9131131,262121113
Total OI4382741,455296289

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-03-01$24.56$23.7084.9%24.3%33.0%44.6%67.1%-64.8%-44.5%10.6K-415.1K-1.1K0.35145.63893226432
2017-03-02$24.07$23.7091.7%26.3%33.8%48.5%86.6%-26.9%-44.9%12.5K-418.0K-1.1K0.30146.561023227032
2017-03-03$24.06$23.7087.3%25.0%33.6%45.9%76.3%19.0%-41.2%11.0K-418.5K-1.2K0.30159.371023228432
2017-03-06$24.03$25.19100.7%15.5%33.6%53.6%55.6%11.9%0.4%12.2K-435.5K-1.1K0.30133.981023228432
2017-03-07$22.69$25.1989.8%15.7%39.4%47.4%64.9%10.8%2.3%12.6K-347.8K-1.2K0.30137.281023228432
2017-03-08$22.21$25.1989.1%16.6%39.8%47.0%64.9%10.5%0.4%12.9K-371.3K-1.2K10.63125.941021,07930232
2017-03-09$21.69$25.1975.9%16.8%40.0%39.4%74.6%8.5%-3.4%-42.9K1.9M-1.6K10.59137.671081,1463021,146
2017-03-10$21.28$25.19149.1%17.3%36.8%81.3%77.5%11.0%3.8%-25.0K1.7M-1.9K10.59133.051081,1463091,146
2017-03-13$21.10$25.19153.3%18.4%36.8%83.8%15.9%23.4%-0.1%-22.0K960.7K-1.4K10.59142.951081,146309707
2017-03-14$20.71$25.19146.8%19.5%36.9%80.0%78.0%17.5%-9.6%10.7K-247.0K-1.0K9.97135.681161,14630932
2017-03-15$20.93$25.1957.0%16.3%37.1%28.6%69.9%8.5%2.7%6.9K-233.6K-1.1K10.27153.081131,14631532
2017-03-16$20.68$22.2259.9%17.2%36.3%30.3%73.9%11.5%-4.5%10.6K-254.0K-1.1K10.27148.251131,14632432
2017-03-17$20.70$22.2263.5%18.2%34.6%32.3%69.5%-16.2%-6.9%16.6K-235.0K-1.0K10.27148.341131,14632432
2017-03-20$21.04$22.2271.5%20.5%34.7%36.9%75.4%-29.8%-8.2%8.3K-222.9K-1.0K0.30134.401023224232
2017-03-21$20.44$22.2270.8%20.3%35.6%36.5%75.6%-31.1%8.1%8.8K-259.4K-1.1K0.30136.961023225732
2017-03-22$20.28$22.2272.4%20.7%34.9%37.4%79.4%-30.9%1.8%8.0K-240.6K-1.1K0.30140.241023225732
2017-03-23$20.50$22.2279.2%22.7%35.3%41.3%87.3%-39.0%-11.7%7.0K-247.6K-1.1K0.30134.691023225732
2017-03-24$20.53$22.2278.3%22.4%34.9%40.8%85.8%-39.5%-15.2%8.4K-248.9K-1.1K0.30137.771023225732
2017-03-27$20.36$22.2284.3%24.2%32.2%44.2%96.7%7.1%-21.8%7.4K-219.9K-1.1K0.30134.291023225732
2017-03-28$20.16$22.2282.9%23.8%31.8%43.4%92.8%-40.0%-22.3%7.8K-209.6K-1.0K0.30127.221023225732
2017-03-29$20.49$22.2287.5%25.1%27.8%46.1%102.5%-56.4%-46.8%9.6K-226.7K-1.0K0.30127.641023225732
2017-03-30$20.48$22.2282.9%23.8%27.6%43.4%95.3%-50.7%-28.2%9.9K-226.1K-1.0K0.30144.321023225732
2017-03-31$21.05$22.2279.5%22.8%30.3%41.5%96.4%11.9%-16.8%10.1K-263.7K-1.1K0.38150.99813225732